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Paws Over Pediatrics: The Surprising Rise of Veterinary Business Income - News Directory 3

Paws Over Pediatrics: The Surprising Rise of Veterinary Business Income

September 27, 2024 Catherine Williams Health
News Context
At a glance
  • Average annual income for veterinarians increased by 12.6% for 8 years
  • The average annual business income of veterinarians increased by about 50 million won from 31.45 million won in 2014 to 81.16 million won in 2022, which is interpreted...
  • Following veterinarians, doctors (8.3%), labor attorneys (8.1%), architects (6.0%), pharmacists (5.5%), and accountants (4.3%) showed the highest increase.
Original source: fnnews.com

Photo = Getty Image Bank

[파이낸셜뉴스] As the number of people raising companion animals has rapidly increased, the business income growth rate of veterinarians has recorded the highest rate of increase among professions.

Average annual income for veterinarians increased by 12.6% for 8 years

According to the ‘Status of business income by industry for professional workers from 2014 to 2022’ submitted by the National Tax Service to Do-geol Ahn (Dongnam-eul, Gwangju), a member of the Planning and Finance Committee of the National Assembly on the 26th, the average annual business income of veterinarians is the highest, rising by 12.6% every year. showed an increase rate.

The average annual business income of veterinarians increased by about 50 million won from 31.45 million won in 2014 to 81.16 million won in 2022, which is interpreted to be due to the increase in the number of households living with companion animals and the increase in medical demand.

Following veterinarians, doctors (8.3%), labor attorneys (8.1%), architects (6.0%), pharmacists (5.5%), and accountants (4.3%) showed the highest increase.

The highest-earning profession is a doctor. Annual average of 400 million won.

Among major professions, the occupation with the highest income was doctors, with the average income of doctors being 400 million won and the median income being 270 million won.

Average income refers to the average of the total amount of business income reported and attributed to the National Tax Service, and median income refers to the business income reported by those in the top 50% of filers.

Among major professions, the average income is that of doctors, followed by accountants (220 million won), tax accountants (120 million won), dentists (100 million won), veterinarians (100 million won), oriental medicine doctors (100 million won), patent attorneys (90 million won), and It was highest in that order: customs brokers (80 million won), pharmacists (80 million won), and lawyers (70 million won).

Among major professions, doctors had the highest median income (KRW 270 million), followed by dentists (KRW 160 million), accountants (KRW 90 million), pharmacists (KRW 80 million), oriental medicine doctors (KRW 70 million), and tax accountants (KRW 60 million). 10,000 won), patent attorney (50 million won), veterinarian (50 million won), customs broker (40 million won), and lawyer (30 million won).

Meanwhile, not only the income gap between professional industries, but also the phenomenon of ‘income concentration’ towards the top earners within the industry was also observed. Occupations where the average income is higher than the median income are doctors, accountants, tax accountants, veterinarians, and customs brokers, in that order, and the ‘income concentration’ phenomenon is especially noticeable for doctors and accountants.

Rep. Ahn Do-geol said, “Recently, the average business income of all industries is around 19 million won, while the average business income of the top 10 professional occupations is 196 million won,” and diagnosed, “The income gap between industries was large.”

newssu@fnnews.com Reporter Kim Soo-yeon

※ Copyright ⓒ Financial News, unauthorized reproduction and redistribution prohibited

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